Suncrest
Suncrest Apartments is a 140-unit, B-class multifamily property built in 1986 and located on the west side of Indianapolis in close proximity to the Indianapolis Airport sub-market.
Property Key Features
Market:
Indianapolis, IN
Number of Units
140
Date Acquired:
08/01/2021
Suncrest Apartments is a 140-unit, B-class multifamily property built in 1986 and located on the west side of Indianapolis in close proximity to the Indianapolis Airport sub-market.
Originally built in 1986 and renovated in 2015-2016, Suncrest benefits from the surging growth of the logistics industry and the high demand for housing in the area. Gray Capital’s strategy with this asset involves harnessing the economic momentum of this sub-market, narrowing the gap between rents at Suncrest and other comparable properties, and a light-value add component and improvement of exteriors and community amenities.
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Gray capital invests alongside our partners, joining sophisticated family offices and individual investors looking to take advantage of the unique benefits of multifamily real estate.
